Mesirow Extends Lease At 353 North Clark Street In Chicago's River North For 10 Years, Reducing Office Space | 353 North Clark Street | Ari Klein, Scott Shelbourne, Michael Kazmierczak, Seth Tuscher | Office | Lease

Summary

Lease

ILLINOIS

Office

110,000 sqft

The financial services firm Mesirow has extended its lease at 353 North Clark Street in Chicago's River North for 10 years. The lease term reflects a shift towards smaller workspaces, as Mesirow is reducing its office space by one-third despite a growing local headcount. This downsizing aligns with the trend of companies adapting to remote work and reflects a positive move amidst a challenging real estate landscape.

Summary of transaction details

Property Type: Office
Transaction Amount: Not mentioned
Square Footage: 110,000 SF
Address: 353 North Clark Street, Chicago
Market: Chicago

The landlord of the property is Maury R. Tognarelli from Heitman, while the tenant is Natalie Brown from Mesirow. Representing the landlord, Michael Kazmierczak and Seth Tuscher from CBRE played a role in the transaction. On the tenant's side, Ari Klein and Scott Shelbourne from Cushman & Wakefield acted as representatives. This deal showcases the collaboration between these individuals and companies in securing the lease extension for Mesirow.

Players

All
6

Agents
4
Agencies
2

Ari Klein

Vice Chairman

Scott Shelbourne

Executive Managing Director

Michael Kazmierczak

Executive Vice President

Seth Tuscher

Senior Vice President

Cushman & Wakefield

CBRE

Details

Deal Summary

LEASED

IMAGE: Michael Kazmierczak, Seth Tuscher, Natalie Brown, Ari Klein, Maury R. Tognarelli & Scott Shelbourne DATE: 01/21/2024 ADDRESS: 353 North Clark Street MARKET: Chicago ASSET TYPE: Office ~ SF: 110,000 LANDLORD: Maury R. Tognarelli - Heitman TENANT: Natalie Brown - Mesirow (@MesirowFinancial) LANDLORD'S REP: Michael Kazmierczak & Seth Tuscher - CBRE (@CBRE) TENANT'S REP: Ari Klein & Scott Shelbourne (@Shelbourne1980) - Cushman & Wakefield (@CushWake) LEASE TERM: 10-year NOTE: Financial services firm Mesirow has extended its lease at 353 North Clark Street in Chicago's River North for 10 years but is reducing its office space by one-third, aligning with the trend of downsizing. The move, viewed positively amidst a challenging real estate landscape, reflects a shift towards smaller workspaces despite a growing local headcount, as companies adapt to remote work trends.

View on map

Address353 North Clark Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want